BREAKING: PayPal and Venmo Announce, This Altcoin’s Price Soars
According to breaking news, Paypal and Venmo are adding support for ENS addresses when sending cryptocurrencies.
Following the development, there was a sudden 5% increase in the price of the Ethereum Name Service (ENS) altcoin.
Chart with 15-minute candles showing the rise in ENS price.
This integration allows users to simplify crypto transactions by directly entering a recipient’s ENS name into the search field when sending a payment. The platforms will then automatically determine and connect to the correct wallet addresses.
This new feature, which makes it easier and safer to make crypto transactions on PayPal and Venmo, is initially rolling out to US users.
Previously, users had to manually type, paste or scan QR codes to enter their wallet addresses, increasing the risk of errors.
Since its founding with an Ethereum grant in 2017, ENS has registered over 2 million on-chain and 4 million off-chain names.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Shiba Inu Community Pushes Token Toward $0,001
Can You Turn $500 Into $500 With These Cryptocurrencies?
215 Arrested in South Korea’s $232M Crypto Scam
South Korean police have arrested 215 people for taking part in a massive crypto fraud scheme
BlackRock Launches BUIDL Fund on 5 Blockchains
BlackRock, the world’s largest asset manager, just took a big step in the crypto world
Trending news
MoreCrypto prices
More
